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Subject:		Bush would veto Medicare bill: White House
Name:		wayne5
Date Posted:		Jan 12, 07 - 11:28 AM
Email:		rightspirit@alltel.net
Message:		Bush would veto Medicare bill: White House WASHINGTON (Reuters) - The White House on Friday threatened a veto of a bill that would overhaul the Medicare prescription drug law to require the government to negotiate prices with pharmaceutical companies. "If this bill is presented to the president, he will veto," White House spokesman Tony Snow told reporters. The Medicare bill is a key priority of the new Democratic Congress. Snow spoke as the U.S. House of Representatives was expected to vote later in the day on the legislation. Democrats contend that instructing the government to negotiate prices would save money both for the government and for older Americans covered by the Medicare program. But the White House and many Republicans in Congress say it would limit the availability of drugs while achieving no cost savings. Snow cited a Congressional Budget Office study that said the negotiations would not save money. © Reuters 2007. All Rights Reserved. http://today.reuters.com/news/articlenews.aspx?type=topNews&storyID=2007-01-12T181310Z_01_WBT006404_RTRUKOC_0_US-BUSH-MEDICARE.xml&WTmodLoc=NewsHome-C1-topNews-4

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